Wall Street Zen Downgrades ProFrac (NASDAQ:ACDC) to Sell

Key Points

• Wall Street Zen downgraded ProFrac from “hold” to “sell”, adding to already cautious sentiment around the stock. Overall analyst coverage now stands at a consensus “Reduce” rating.
• ProFrac’s latest quarter showed a mixed earnings picture: revenue of about $449.6 million beat expectations, but EPS of -$0.47 missed estimates and profitability remained weak.
• The stock is trading around $6.66, above its 200-day average but still below its 52-week high of $10.70. The company also carries relatively tight liquidity, with a quick ratio of 0.56 and current ratio of 0.81.

ProFrac (NASDAQ:ACDC - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Other equities analysts have also recently issued reports about the company. Zacks Research raised ProFrac from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 21st. Morgan Stanley boosted their target price on ProFrac from $5.00 to $6.00 and gave the company an "underweight" rating in a research note on Wednesday, April 15th. UBS Group reissued a "positive" rating on shares of ProFrac in a research note on Thursday, March 12th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of ProFrac in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, ProFrac has a consensus rating of "Reduce" and a consensus price target of $5.83.

ProFrac Price Performance

ACDC opened at $6.66 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.56 and a current ratio of 0.81. ProFrac has a 52-week low of $3.08 and a 52-week high of $10.70. The stock has a market capitalization of $1.20 billion, a PE ratio of -3.03 and a beta of 1.51. The stock's 50 day moving average price is $6.26 and its 200-day moving average price is $5.08.

ProFrac (NASDAQ:ACDC - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.10). ProFrac had a negative net margin of 18.97% and a negative return on equity of 33.18%. The business had revenue of $449.60 million for the quarter, compared to analysts' expectations of $426.39 million. On average, equities research analysts predict that ProFrac will post -1.2 EPS for the current year.

Institutional Investors Weigh In On ProFrac

A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of ProFrac by 156.5% during the first quarter. Dimensional Fund Advisors LP now owns 390,420 shares of the company's stock valued at $2,421,000 after buying an additional 238,210 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of ProFrac by 17.0% during the first quarter. Bank of New York Mellon Corp now owns 79,914 shares of the company's stock valued at $495,000 after buying an additional 11,597 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of ProFrac during the first quarter valued at $86,000. Hsbc Holdings PLC purchased a new stake in shares of ProFrac during the fourth quarter valued at $60,000. Finally, Alpine Global Management LLC purchased a new stake in shares of ProFrac during the fourth quarter valued at $88,000. 12.75% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting ProFrac

Here are the key news stories impacting ProFrac this week:

• Positive Sentiment: First-quarter revenue came in at about $450 million, topping Wall Street expectations and indicating solid demand for ProFrac’s services. ProFrac Holding Corp. Reports First Quarter 2026 Results
• Positive Sentiment: The company said net loss improved to $81 million from $141 million in the fourth quarter, suggesting some progress on cost control and operations. ProFrac Holding Corp. Reports First Quarter 2026 Results
• Neutral Sentiment: Management’s earnings-call commentary emphasized an efficiency push, which may help margins over time but is not an immediate earnings catalyst. ProFrac Holding Corp. (ACDC) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Adjusted earnings remained below analyst expectations, with EPS losses wider than expected, reinforcing that profitability remains a challenge. ProFrac Holding Corp. (ACDC) Reports Q1 Loss, Beats Revenue Estimates
• Negative Sentiment: Brokerage sentiment remains cautious, with a consensus recommendation of “Reduce,” which could limit enthusiasm for the stock. ProFrac Holding Corp. NASDAQ: ACDC Receives Consensus Recommendation of "Reduce" from Brokerages

ProFrac Company Profile

ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources. It also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, and fluid ends.

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